Sprott Gold Miners ETF (NYSEARCA:SGDM) Shares Gap Up – Still a Buy?

Sprott Gold Miners ETF (NYSEARCA:SGDM)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $61.05, but opened at $64.82. Sprott Gold Miners ETF shares last traded at $64.89, with a volume of 4,750 shares trading hands.

Sprott Gold Miners ETF Trading Up 2.6%

The stock has a 50 day moving average of $74.75 and a 200-day moving average of $76.18. The company has a market capitalization of $602.62 million, a P/E ratio of -1,067.80 and a beta of 0.49.

Institutional Trading of Sprott Gold Miners ETF

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Sprott Gold Miners ETF by 36.6% during the fourth quarter. Farther Finance Advisors LLC now owns 690 shares of the company’s stock worth $48,000 after purchasing an additional 185 shares in the last quarter. Advisory Services Network LLC purchased a new position in Sprott Gold Miners ETF during the 3rd quarter valued at approximately $52,000. Centaurus Financial Inc. purchased a new position in Sprott Gold Miners ETF during the 1st quarter valued at approximately $103,000. Empowered Funds LLC purchased a new position in Sprott Gold Miners ETF during the 4th quarter valued at approximately $122,000. Finally, MH & Associates Securities Management Corp ADV purchased a new position in Sprott Gold Miners ETF during the 4th quarter valued at approximately $129,000.

Sprott Gold Miners ETF Company Profile

The Sprott Gold Miners ETF (SGDM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight. SGDM was launched on Jul 15, 2014 and is managed by Sprott.